Funding Announcement: Tharawat Green Exchange (TGE), a Saudi Arabia-based Web3 provider, has raised $450,000 from Adaverse, a local Web3 and blockchain investment fund. Sustainability Focus: TGE, founded in 2023, utilizes Web3 technology to support environmental sustainability in alignment with Saudi Vision 2030, specifically addressing climate change and promoting local environmental initiatives. Investment Utilization: The funds […]
Category: News
Pass Secures QR10 Million in Pre-Series A Funding
Funding Achievement: Pass has successfully raised over QR10 million in its pre-Series A funding round, highlighting its growing role in transforming supply chain logistics. Expansion Plans: The capital raised will facilitate Pass’s expansion into Egypt and Saudi Arabia, along with the development of new products aimed at strengthening its market presence. Commitment to Innovation and […]
Home services platform COOX raises $125,000 in funding led by Inflection Point Ventures
Funding and Expansion: COOX, a home services booking platform, raised $125,000 in a Seed funding round led by Inflection Point Ventures, with plans to expand its presence to 40 cities and enhance marketing and technology integration using AI. Diverse Service Portfolio: The platform offers a wide range of home services, including professional chefs, bartenders, cleaning […]
Wa’ed Ventures earmarks $100 million to invest in Saudi AI sector
Wa’ed Ventures, a $500 million venture capital fund owned by Aramco, has allocated $100 million specifically for early-stage AI investments to position Saudi Arabia as a global AI hub. An advisory board composed of global experts from institutions like Meta, MIT, and Amazon has been established to assist in strategy and deal sourcing for AI […]
The Paan Legacy, Hemptyful, and Polr.Care secure Rs 1 crore each from D2C Insider
Funding Success: Early-stage consumer brands The Paan Legacy, Hemptyful, and Polr.Care secured funding of up to Rs 1 crore each through D2C Insider’s Elevate Growth Accelerator program, which concluded with a Demo Day where these startups were selected as winners. Accelerator Program Details: Elevate Cohort 2 was a 12-week program aimed at strengthening the foundation […]
Arknet Secures $6.25M in Series A Funding Led by Morningstar Ventures
Arknet, a tech innovator founded by Karam Jaber in 2020, raised $6.25 million in a Series A funding round led by Morningstar Ventures on October 25, 2024. The company’s primary focus is on creating a decentralized internet that enhances human interaction, promotes data sharing, and integrates AI in a secure environment. Arknet’s community-driven AI platform, […]
Invygo Secures $8 Million in Series A Extension to Expand Car Subscription Model in Saudi Arabia
Invygo, an automotive subscription platform based in the Middle East, has raised $8 million in Series A extension funding led by STV’s NICE Fund to enhance its "Subscribe to Own" model in Saudi Arabia, bringing its total funding to over $22 million since its inception in 2019. The company aims to address the challenges of […]
OLOID raises $6 million in a Series A1 round to accelerate innovation and expansion in India
Funding Announcement: OLOID secured $6 million in a Series A1 funding round, bringing its total funding in Series A and A1 rounds to $23 million, backed by investors including Yaletown Partners and Honeywell Ventures. Focus on Workplace Technology: The company specializes in access and identity management solutions for deskless workers, integrating cyber and physical security […]
Khosla Ventures, others invests $20 million in Bengaluru-based Healthify
Funding Achievement: Healthify, a health and wellness platform, has raised $20 million in funding led by Khosla Ventures and LeapFrog Investments, increasing its total funding to $125 million. Expansion into the US: The new investment will accelerate Healthify’s expansion into the US market, focusing on enhancing its AI-powered nutrition and fitness coaching capabilities while building […]
Colis.ma Secures $300,000 Pre-Seed Funding
Funding and Growth: Colis.ma, a Moroccan logistics startup founded in 2022 by Issam Darui, raised $300,000 in a pre-seed round from Witamax to expand its operations, marking a significant milestone in its growth trajectory. Service Expansion: The company specializes in connecting Morocco with six European countries and plans to extend its services into West Africa, […]